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USD/JPY last trades at Y110.77, 5 pips...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at Y110.77, 5 pips worse off, ahead of the
release of Japanese Feb national CPI data at the bottom of the hour.
- The Nikkei 225 points to a lower open at writing.
- The rate finished a dozen pips higher Thursday, broadly tracking risk appetite
through the day. Liquidity might have been capped, as Japan observed a national
holiday.
- On the technical front, initial support noted at the lower Bollinger band (2%)
at Y110.50, ahead of the 50-DMA at Y110.37. Meanwhile, bulls target the 100-WMA
at Y110.84 and a break above would bring the cloud Tenkan Sen, situated at
Y111.10, into play.
- Later today, at 0030GMT/0930JST, Japan will see the release of its flash
Nikkei m'fing PMI.

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